Your grandtazher would ike to share some of his fortune with you He oflens to give you money under cne of the foliowing scenarios (you get to choose) 1. $7.550 per year at the end of each of the next seven years 2. 548,350 (lump sum) now 3. 5100,050 (lump wim) seven years from now (Click the icon to view Present Value of $1 table) (Click the ken to vew Present Value of Ordnary Annuly of $1 table) Road the reguirements. the prosent vilue ki the noarest whole doliar) appears to bo the best cotion. Based on an 6 \% interest rate, is presect vale is the Requirement 2. Woidd you preference change if you used a 32% discount tate? Scenaro 2, 12\%, discouncrate, Presem valie = Scenaro 1129 istount rale, Pretent value * apecars to be the best option. Bated on a 12% interest rate, its peresent vale is the Present Value of $1 Present Value of Ordinary Annuity of 11